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BRIEF-Elementis says to buy SRLH Holdings for $360 mln
February 10, 2017 / 7:55 AM / 10 months ago

BRIEF-Elementis says to buy SRLH Holdings for $360 mln

Feb 10 (Reuters) - Elementis Plc :

* Elementis announces personal care acquisition

* Entered into an agreement to acquire SRLH Holdings, Inc. From an affiliate of one rock capital partners, llc for an enterprise value of us$360 million

* Summitreheis will become part of an enlarged personal care business within elementis

* Acquisition enterprise value is equivalent to approximately 11.8x summitreheis expected underlying ebitda for 2016 (including run rate cost synergies)

* Can confirm that it expects earnings per share for year to 31 december 2016 to be in line with current market expectations

* Board confirms that its consideration of special dividends in respect of 2016 will not be impacted by acquisition Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

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